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why banks are rolling in dough. but first, bill moller joins us with a taxing hangover. what you need to know about next year's taxes is coming up after the break. not only are there new income tax laws that affect those forms you hopefully filed on time this year, there are new estate tax laws that will affect your estate planning. steven peck is an estate planning attorney. who would worry about this? i thought estate planning was just for the super rich. - almost everyone needs to be worried about estate planning, even if you are not over the tax limit - very few people actually are over the tax limit nowadays with the new exemption of $5.25 million. but, other people could be subject to it in the future. - there are aspects of estate planning that do affect a lot of people. for example, gift taxes. - right. the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lo
to vote this week on a proposal that could add taxes to all puchases made online. the marketplace fairness act would allow states to collect sales tax from online retailers. amazon and other etailers dodge paying sales tax in states where there is no storefront presence. opponets of the bill argue state sales tax laws are too complex for the legislation to work. brick and mortar stores contend the tax loophole gives online stores a price advantage. the ceo of yahoo is defending her decision to end the tech company's work from home policy. the controversy sparked in february when a yahoo memo revealed marissa mayer was insisting yahoo employees would work better in the office than home. last week at a conference in los angeles, mayer told a crowd her comments were wrongly perceived as an "industry narrative." she also clarified: people are more productive when they are alone, but more innovative when they are together. the "silver state" is facing a rising unemployment rate. nevada now has the highest unemployment rate in the nation at 9.7%. nevada, california and mississippi had been tied
with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to do with their cost of production and some of the acquisitions they've made and some of the operating cost or lack of management of such. so it's a little different. it is not really a pure gold play, it was a real equ
. >>> the deadline for filing your 2012 tax return is now a little more than an hour away. ktvu's jade hernandez talked to some pro procrastinators who waited until the last minute to file their taxes. it wasn't so long until since two dozen postoffices stayed open late. more than 80% of taxpayers file online. but-- >> it's guaranteed it will be crazy like it was the last several years since i've been doing this job and people will be rushing in at the last minute right before midnight handing us their tax returns? >> why? >> procrastination. >> some filers want to have extra money now. >> usually people get their taxes back and they spend all their money real fast. the last minute thing i kind of like that because now i'm going to have a little extra. >> reporter: at the h & r block office, this procrastinator is hoping to take advantage of a cancelled appointment. there's always a reason to wait in these lines. >> i think most people get antsy because usually you have to pay and they don't want to give up their money. >> reporter: jade hernandez, ktvu channel 2 news. >>> many of those lost in
. what does it mean to students? but first we ask students what they are going to do with their tax refunds. ">>>with my tax refund i am going to pay off my credit card. i am going to go see my boyfriend in dc and i'm probably going to do a little bit of shopping. so with my refund check i'm going to use it to pay off my books that i used with my credit card. i don't work so i don't get a tax refund. if i had one i would probably use it for lunch. i'm just planning to save it up for next semester because i'm always short on money. so i'm just going to use that towards either pay tuition or housing. i currently don't work right now but if i were to get tax return money i would spend it on clothes and more food around campus. no, i didn't get one but i also didn't have to pay anything but i kind of was doing it with my dad. so i think he claimed me and i fell like he said that since he is claiming me i couldn't do it." a fifty-five year source for s-j-s-u students' educational needs is coming to an end. ">>>-nat sound: cash regsiter- robert's bookstore is located on tenth street, clos
resulted in citations nor fines. >>> today is tax day and uncle sam expects to hear from you by midnight. either turn in those tax forms or file an extension. a sign of the changing times here, five bay area post offices scheduled extended hours for tonight. see more than 80% of taxpayers now file online, but still post office workers say they usually see a last-minute flurry of activity right before that midnight deadline. >> it's guaranteed we'll be crazy like it was the last several years since i've been doing this job and people will be rushing in at the last minute right before midnight handing in their tax returns. >> in san francisco the main post office there on evans street are scheduled to stay open till midnight. down in san jose the post office is open till 10:00 and the oakland post office on 7th street is open till 10:00, as well. up in petaluma the post office is scheduled to have curb side service until 8:00. >>> the parents of 15-year-old audrie pott held an emotional news conference today. they say they plan to file a civil suit against the families of the three 16-year
want to separate out for taxes, for keeping your books straight, and to prove that you are really running a business by keeping it separated. the other is there is a dirty secret around personal credit and business credit. - so using your credit card to pay your business expenses. - and a lot of companies have to do it. it's very natural that you'd want to do that. but every time you max out your credit cards over the holiday season to get inventory, you are lowering your personal credit score, and that is making it harder for you to get business credit in the future. so it is important, as soon as you can, to separate those out. - you make the point of, you need to beg and borrow. what do you mean by that? - sometimes you need to beg and borrow. everybody knows, you might need to go to your uncle or someone in your family to help you start your business. but it is important to document when you do that, so you can invite them back to thanksgiving dinner. know if they are buying a part of your company, know your plan to repay them. know if it is just debt and you are going to repa
for vounteers to donate blood, and the irs extended the tax deadline to july 15th for taxpayers in massachusetts and others involved in the tragedy. meanwhile, in washingto, a scare wednesday as mail screeners intercepted a suspicious letter sent to president obama one day after a similar letter potentially laced with poison was detected before it reached mississippi senator roger wicker. but it's the president's speech last evening from the white house rose garden that's also generating interest today. using strong language, he lashed out at gun lobby groups for causing the failure of a senate vote to expand background checks. the president adds polls show roughly 90% of americans support better background checks. the nra calls the bill "misguided." investors are buying shares of a supermarket stock by the cartload. fairway market, a popular grocery chain, opened for trade on the nasdaq yesterday. even as the nasdaq dropped 60 points, the fairway ipo popped 33%. fairway shares priced in at $13 and closed at $17.35. the company is raising money to open new stores in new york, new jersey and conn
's going to be more taxes for the state. i think that's pretty critical. >> reporter: this airport runs some 80,000 oerpgs -- operations a year with about a dozen controllers. huge for the pilots who are based here. there's a flight school and a restaurant, where the owner says better to have fewer controllers than none at all. >> they will have to scale it up with the skeleton group. we're not imposing a danger to the pilots that are flying in and out of the this field. >> reporter: faa towers like this one are safe from closing until at least next year. but more than 100 others under federal contract are slated to shut in june. meanwhile, airline and pilot organizations are suing to halt the furloughs already under way. reporting live in santa rosa, debra villalon, ktvu channel 2 news. >>> five people parked outside a san jose nightclub early today may all manage to avoid being wounded when someone fired multiple rounds right into their car. this all happened around 2:00 outside the fiesta nightclub. police say an argument inside may have spilled out into the parking lot. no one was
Search Results 0 to 8 of about 9